6,000 Shares in Old Line Bancshares, Inc. (MD) (OLBK) Purchased by Bessemer Group Inc.

Bessemer Group Inc. bought a new stake in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the bank’s stock, valued at approximately $158,000.

A number of other institutional investors have also added to or reduced their stakes in OLBK. Jennison Associates LLC grew its position in Old Line Bancshares, Inc. (MD) by 3,279.0% in the third quarter. Jennison Associates LLC now owns 434,273 shares of the bank’s stock valued at $13,740,000 after acquiring an additional 421,421 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Old Line Bancshares, Inc. (MD) by 27.2% in the third quarter. Dimensional Fund Advisors LP now owns 417,568 shares of the bank’s stock valued at $13,212,000 after acquiring an additional 89,329 shares during the last quarter. Walthausen & Co. LLC bought a new position in Old Line Bancshares, Inc. (MD) in the third quarter valued at about $1,555,000. BlackRock Inc. grew its position in Old Line Bancshares, Inc. (MD) by 4.8% in the third quarter. BlackRock Inc. now owns 850,062 shares of the bank’s stock valued at $26,895,000 after acquiring an additional 39,221 shares during the last quarter. Finally, Royce & Associates LP grew its position in Old Line Bancshares, Inc. (MD) by 13.1% in the fourth quarter. Royce & Associates LP now owns 198,780 shares of the bank’s stock valued at $5,232,000 after acquiring an additional 23,001 shares during the last quarter. Hedge funds and other institutional investors own 49.70% of the company’s stock.

NASDAQ:OLBK opened at $25.24 on Friday. The stock has a market cap of $453.52 million, a PE ratio of 11.53 and a beta of 0.61. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. Old Line Bancshares, Inc. has a 1-year low of $24.51 and a 1-year high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The company had revenue of $28.26 million for the quarter, compared to analysts’ expectations of $28.45 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.76% and a net margin of 22.08%. As a group, sell-side analysts anticipate that Old Line Bancshares, Inc. will post 2.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.12 per share. This is a boost from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, March 14th. Old Line Bancshares, Inc. (MD)’s payout ratio is 21.92%.

A number of research analysts have issued reports on OLBK shares. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Stephens restated a “buy” rating and set a $34.00 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.00.

In other news, Director Thomas H. Graham purchased 2,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Thursday, February 21st. The shares were bought at an average cost of $27.43 per share, for a total transaction of $54,860.00. Following the completion of the acquisition, the director now owns 49,395 shares in the company, valued at approximately $1,354,904.85. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James F. Dent sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $28.23, for a total value of $28,230.00. Following the sale, the director now owns 60,492 shares in the company, valued at $1,707,689.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 5,185 shares of company stock worth $142,757. Company insiders own 10.61% of the company’s stock.

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About Old Line Bancshares, Inc. (MD)

Old Line Bancshares, Inc operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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